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What is the present value of $ 1 1 , 0 0 0 received: a . Twenty eight years from today when the interest rate

What is the present value of $11,000 received:
a. Twenty eight years from today when the interest rate is 9% per year?
b. Fourteen years from today when the interest rate is 4% per year?
c. Seven years from today when the interest rate is 3% per year?
a. Twenty eight years from today when the interest rate is 9% per year?
The present value of $11,000 received 28 years from today when the interest rate is 9% per year is $
(Round to the nearest dollar.)
b. Fourteen years from today when the interest rate is 4% per year?
The present value of $11,000 received 14 years from today when the interest rate is 4% per year is $
(Round to the nearest dollar.)
c. Seven years from today when the interest rate is 3% per year?
The present value of $11,000 received 7 years from today when the interest rate is 3% per year is $
(Round to the nearest dollar.)
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